Dubai FDI Continues Investment Push Online Amid Pandemic

The Dubai Investment Development Agency (Dubai FDI) has continued its push for foreign investment online, using webinars to woo potential investors in a number of industries.

According to Dubai FDI – which is an agency of Dubai Economy – a total of 34 web events have been scheduled in 13 markets including the USA, Australia, Canada, Britain, France, Italy, Germany, Spain, India, China, Japan, Taiwan and South Korea.

The events will continue through the end of 2020.

Several government and semi-government agencies in Dubai have confirmed their participation in the events, including senior officials from Dubai Exports, Dubai Health Authority, Dubai Municipality, DIFC and the Dubai Multi Commodities Centre.

“As a connected, smart city, Dubai has been at the forefront of rolling out strategic initiatives on digital readiness and innovation across services, digital services, and logistics. This enhances the preparedness of the city to continue to respond to investor needs to ensure smooth investment flows,” said Fahad Al Gergawi, CEO of Dubai FDI. 

“The webinars strategy is based on the use of available technologies to direct trade and investment channels to sectors of interest that have promising potential for sustainable growth,” he added. “Despite the current critical situation globally, Dubai remains a safe haven for investors.”

In the first half of 2019, FDI projects in Dubai totalled $12.69 billion, a 135 percent increase from the previous year.